siwe7

siwe7

The last time I posted, that a Cup & Handle pattern is forming as part of an Continuation Pattern, which occurs as part of the current uptrend. As I suspected, my first draft of the Cup & Handle pattern was too narrow, but at least the price level was reached. Hence, here is my next draft. It seems, that we are currently inside the handle. I modified the thick...

siwe7 Updated 

Cup & Handle pattern can occur in two forms: Continuation Pattern as part of an uptrend <-- which occurs now. Reversak Pattern as part of a downtrend Education: Continuation Pattern The price is moving higher, declines forming the U-shape and handle, then breaks out of the handle to the upside signaling the continuation of the uptrend. As with...

siwe7 Updated 

Dear Traders! In the 4-hour chart it is likely that a H&S Pattern is forming. Why do I think that? It's because in the 4-hour chart we have just touched the 50 SMA, which builds support for the right shoulder on the neckline. Br, siwe7